About TAX Calculator Global
Super, simple and tiny size TAX Calculator.
'TAX Calculator Global' app allows you to calculate any sort of TAX
- Cess, etc., with all tax rate slabs. An app allows you to calculate inclusive or exclusive TAX of an item.
App gives following results on one click-
*Basic Price :Rate of an item.
* Total Price : Basic Price + Total TAX.
~ Understanding inclusive and exclusive tax ~
This refers to the amount of tax paid as a proportion of the after-tax value; income tax rates are often expressed in tax-inclusive terms.
For example, if the total cost of a good is ₹100/- and the tax rate is 10%, the tax-inclusive amount is ₹9.09/- and taxable amount is ₹90.91/-
This refers to the amount of tax paid as a proportion of the pretax value of whatever is taxed; sales tax rates are typically expressed in tax-exclusive terms.
For example, suppose a good costs ₹100/- before tax and 10% is sales tax. The tax-exclusive tax amount would be ₹10/- , since the total price is ₹110/-